Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$162,122$162,122$220,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$58,378$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.287%7.640%
1st payment$952.32$952.32$1,526.70
2nd payment$0.00$437.84$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$133.76$133.76$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.24$1,878.08$1,924.96
Cash to close$82,878$24,500$24,500